Return to search results

Lakefront Bar and Grille with Real Estate

Lake City, MI (Missaukee County)

Lakefront Bar and Grille with Real Estate
Contact Seller

Asking Price: $375,000

Cash Flow: $90,000

Gross Revenue: $600,000



Inventory: N/A

Real Estate: N/A

Established: N/A

Lakefront Bar and Grille with Real Estate

Save Print Share Valuation Report

Business Description

Located on one of the best fishing lakes in the lower peninsula, serving year round residents as well as four season tourists. Drive your boat right up to the docks adjacent to the building, tie up, fill up your coolers with beer, wine and ice then zip away back to water tubing, fishing, relaxing … or, sit down to a terrific lunch or dinner.

After a very successful run, relocation became necessary due to a ‘pre-existing illness’ to owners’ son. Wife had to keep her job to continue with health insurance coverage which could cost over $20,000 in a single month. As a result, the place is run on an absentee basis.

Located on a busy major highway (12,000 vehicles per day), in a stand-alone attractive building just steps away from an 1,800 acre pristine inland lake. This restaurant is a mainstay for both locals and the constant year-long influx of tourists to this very desirable, affluent resort community. The busy summer season transitions into fall color tourism and then to winter sports lovers, so no slow-down between seasons. Outdoor seating on the patio provides incredible panoramic views of the lake and sunset vistas. Best of all the real estate comes with the deal! A new owner could use the largely under-utilized upper level for an onsite residence, or easily convert it to a spacious rental apartment for additional, passive income.

The average past 3 year, annual revenue is $600,000 with a Seller’s Discretionary Earnings of $100,000 . (Used to be $750 with owner present) Replacing one or two of the 4 managers with a working owner could drive that already impressive amount significantly higher. The $360,000 asking price is firm for both business and real estate makes this a fantastic opportunity for anyone seeking to be a part of the Michigan tourism industry. Location sits next to the last commercial parcel on the lake. They are asking over $500K. For detailed information contact Ken George 616.648.1132

Detailed Information

Lake City, MI
Real Estate:
Included in asking price
Building SF:
Contact Seller

Contact the Seller

Contact Seller Loading

Ken George

Business Listed By:
Ken George

Vanguard Business Brokers

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Days Active On Site:
Appeared in Search:
Listing Detail Views:

Ad#:1535041 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings

Concrete Technology Incorporated

Franchise Opportunity
Cash Required: 29500